I received over $1400 dividend in October 2020, which is 31.24% higher than the dividend I received in the same period last year.
I believe this income stream will continue to grow year over year with dividend reinvestment, dividend growth and new funds from my savings.
Therefore, I will be receiving an even higher dividend next year.
I admit that my journey went off track in March due to the unexpected health crises, which caused panic in everyone’s life.
However, I quickly recovered, brought my portfolios back on track, and moved forward in the right direction.
It was an excellent learning opportunity.
As you know, I am new to the investment world. I started to invest in stocks a few years after the financial crisis. Thus, I didn’t experience any significant crashes up until March.
According to many analysts, the March market crash was the fastest in history. I experienced it with over $300k portfolio. Watching my portfolio value drop by 10% or more in a single day was not fun.
Some days my portfolio dropped over $35000, and the next day recovered a bit. Then dropped again!
However, my overall portfolios recovered quickly and are keep moving upward.
I believe this trend will continue for some time.
And I hope 2021 will be a fantastic year for everyone.
Let’s discuss how much dividend I received in October 2020.
I received $1,412.85 dividend in October 2020, which is 31.24% increase from the dividend I received in October 2019.
Summing up all the dividends I received in 2020, I came up with $10,149.69. One of my short-term goals is to receive at least $13000 dividend income during the year of 2020. So far, I achieved 78.07% of my target.
Dividend income from Canadian stocks
- REI.UN – $48.00
- FC – $15.60
- PLZ.UN – $14.00
- NWH.UN – $3.33
- CHP.UN – $30.83
- MRG.UN – $11.66
- FCR.UN – $14.33
- CAR.UN – $11.50
- AP.UN – $13.75
- NTR – $80.30
- BNS – $9.00
- CPX – $51.25
- RIT – $33.75
- TD – $205.40
- T – $116.50
- DNG – $15.75
- ALA – $12.00
- BCE – $166.50
- IPL – $2.00
- KEY – $32.00
- NWC – $36.00
- BNS – $180.00
- AQN – $143.19
- TRP – $97.20
Dividend income from U.S stocks
- VGI – $13.37
- ZUD – $14.57
- VGH – $17.22
Total dividend I received from U.S stock holdings: $45.16
Dividend income from my International dividend portfolio
- ZDH – $23.85
Total dividend I received from International investments: $23.85
Total: $1,412.85
Total dividend I received for year 2020: $10,149.69
Currency conversion rate : 1 USD = 1.3199 CAD
Estimated passive income
For those new to this site, the Estimated passive income is the income I estimated to receive in a year based on my current investments holding and their distribution rate.
My Estimated passive income is currently at $15385.
One of my long-term goals is receive $25000 dividend income from investment portfolios. I have achieved 61.54% of my goal.
Learn about finance, live within your mean, save and invest in high-quality assets will help you reach your financial goals much earlier than you think.
Thank you so much for your great support, encouragement, and being in my financial journey.
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Wow wow wow. Great month FJ!!!! Congratas on crossing $10k in dividends received during the year so far. Let’s see what you can cross by the end of the year.
Bert
Hello Bert,
Thank you for stopping by,
I believe I will end up receiving around $12 500 dividend for the year. Dividends are more predictable income streams. You guys are doing great there 🙂
Best Regards,